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Investment signal

$829,900

235 HAMILTON ROAD

Beds

11

Baths

6

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Client RemarksFULLY LEASED ALMOST $2,500/Month Positive Cashflow! Legal 5-unit property offering exceptional cash flow, featuring four spacious 2-bedroom units and one large 3-bedroom unit, each with their own full bath, kitchen, and own insuite laundry. Meticulously updated and generously sized, every unit has its own hydro meter and separate entrance. Ideally located on a key arterial road just 2 km from the city's central business and administrative corridor, this property is surrounded by amenities that make it highly desirable for tenants, including public transit at the doorstep, grocery stores, restaurants, schools, and healthcare facilities within walking distance. It is also very close to the London Health Sciences Centre, Vauxhall Park, Boyle Memorial Park, and several community centres. The prime location supports its continued use as a strong multi-residential asset, offering excellent connectivity, access to essential services, and a stable urban setting conducive to long-term tenancy. Annual income of $90k + this is an outstanding investment opportunity. (id:65958)

Subtype
Multi-family
Structure
Other
Community
East L
Lot dimensions
39.3 x 108.3 FT ; 129.91ft x 32.00ft x 108.26ft x 39.94ft
Bedrooms
8 above grade, 3 below grade
Parking
0 total
Stories
2
On market
Apr 14, 2026
Status changed
Apr 14, 2026
Annual tax
$6,012
Zoning
BDC(35) H13
Photos
36
MLS#
X12998064
Area
LONDON_EAST_(EAST_L)

Features and systems

Parking

No Garage

Basement

Partial

Heating

Forced airNatural gas

Cooling

None

Exterior

BrickVinyl siding

Foundation

Unknown
Negative cash flow ~$1,628/mo at these assumptions

Cash on cash

-11.77%

Cap rate

3.54%

GRM

16.7

Break-even rent

$5,864

Financing

Down payment$165,980
Loan amount$663,920
Mortgage$4,073/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$380
Insurance$80
Maintenance$692
CapEx reserve$346
Vacancy loss$208

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East L). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,073/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.

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